SEBI has barred former IndusInd Bank CEO Sumant Kathpalia and four other senior officials from participating in the securities market over allegations of insider trading. SEBI has also impounded ₹19.78 crore collectively from the five individuals. Notably, in March, IndusInd Bank had disclosed that it suffered a hit of around ₹1,900 crore due to years of misreporting internal derivative trades.